## When the Industry's Outlook Fails to Keep Up with Business Reality
Three tech companies — iRobot, Luminar, and Rad Power Bikes — declared bankruptcy within one week. At first glance, they may seem completely unrelated: a manufacturer of robotic vacuum cleaners, a lidar sensor supplier, and an electric bike producer. However, behind each of these bankruptcies lie similar deep structural problems concerning market dominance, dependence on a single product segment, and external economic shocks.
### The Rise and Fall Story: Rad Power Bikes
Rad Power emerged as a leader in the electric bicycle i
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